Gold and the St. Louis FRED

Originally posted on Tuesday, July 10th, 2012 Re-inclusion of gold prices in the database of the St. Louis Fed is yet another indication of the rehabilitation of gold. Civil servants commonly have a donnish sense of humor. The Library of Congress named its database...

Churchill, May 4, 1925, House of Commons

Originally posted Saturday, July 07, 2012 Share That is the sort of thing that only happens in heaven. I think the facts I have stated will constitute an absolute answer to the particular set of nightmares which are usually felt by those who fear we shall be thrown...

Paul Krugman, Alchemist

Originally posted Tuesday, July 03, 2012 Share Oxygen is an excellent metaphor for the gold standard. In the political community there is some resistance to thinking about the mechanics of monetary policy. Why?  Because money is so fundamental as to be almost...